Oil down just ahead of US inventory data

World oil prices were narrowly mixed on Wednesday as the investors sat tight ahead of US energy inventory data. New York’s main contract West Texas Intermediate crude for delivery in February fell about 38 cents to $101.86 a barrel.

Brent North Sea crude for February gained about 11 cents to $113.39 in London midday deals. The US Department of Energy on Wednesday updates the market on the health of energy inventories in the United States the world’s biggest consumer of oil. Analysts expect US crude stockpiles to have gone up by 2.2 million barrels last week.

Oil down just ahead of US inventory data

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